Beijing international exhibition center

Vietnam Electricity revises up 2017 pre-tax profit to US$350 million Electricity demand in Vietnam is forecast to continue increasing at an average rate of 9% per annum, driven by rising industrialization, urbanization and affluence, according to Fitch Ratings. Vietnam Electricity (EVN), the sole distributor of electricity in the country, posted a revised pre-tax profit of VND8.14 trillion (US$349.8 million) for 2017, VND1.5 trillion (US$64.48 million) higher than the previously announced figure and up 58% year-on-year, the power company said on its website. EVN's revenue in 2017 reached VND300 trillion (US$12.89 billion), up nearly 8% year-on-year, while the company contributed VND19.66 trillion (US$844.8 million) to the state budget, down 7.3% year-on-year, according to EVN's latest report on its business performance result in the 2015 - 2017 period. Last year, the state-run company set aside VND118.23 trillion (US$5.07 billion) for development investment, down from … [Read more...] about BUSINESS IN BRIEF 14/9

Brussels workshop focusses on EU-Viet Nam FTA The Vietnamese Embassy in Belgium held a workshop in Brussels on June 20 to speed up the signing and ratification of the European Union (EU)-Viet Nam Free Trade Agreement (EVFTA). The workshop was held in collaboration with the European Union, EU-Viet Nam Friendship Parliamentarians’ Group and European Institute for Asian Studies. Speaking at the event, Vietnamese ambassador to Brussels Vu Anh Quang highlighted the positive results of economic, trade and investment cooperation between Viet Nam and the European Union and called for the Union’s strengthened collaboration with Viet Nam and the Association of Southeast Asian Nations. According to him, EVFTA is a balanced document that benefits both Viet Nam and the European Union and has large influences on bilateral political, economic, trade and investment ties. The agreement will help EU companies access the 90-million-strong Vietnamese market, contributing to … [Read more...] about BUSINESS IN BRIEF 23/6

BEIJING, Nov. 5 (Xinhua) -- When Yue Minjun's painting "The Pope" sold for 2.14 million pounds at a London auction house last year, it not only set a record price for a work of Chinese modern art, it also put Yue's artistic base in Beijing firmly on the international cultural map. The former rural town of Songzhuang, on the city's eastern outskirts, has become one of the centers of Beijing's burgeoning art scene over the last 10 years, drawing artists with its cheap rents and proximity to the capital's growing markets and galleries. But plans for a major new "cultural industry" development have sparked debate in the thriving community, with many artists fearing it could drive up rents and force the "commercialization" of the creative zone. The Songzhuang town government announced on Oct. 28 that construction of the 10-billion-yuan development would begin next year, leading some of the town's 3,000 artists to wonder if it was time to leave. The development, on an area of … [Read more...] about Development plan for Beijing’s artist town gets mixed reviews

BEIJING, Aug. 14 -- The Beijing Games hasn't only brought visitors from around the world to China, it's given global cultural and diplomatic organizations a chance to showcase their native cultures in the Olympic city. Thanks to these special exhibits, this summer visitors can "globetrot" from Brazil to Russia, the United States to Japan, and beyond - all in downtown Beijing. For instance, the heat is on at Brazil House (pictured above), where Brazilian drum music and video-screens of triumphant and sweat-drenched Brazilian athletes keep temperatures and enthusiasm high. The heat is on at Brazil House, where Brazilian drum music and video-screens of triumphant and sweat-drenched Brazilian athletes keep temperatures and enthusiasm high. (China Daily Photo) Situated at the Jianguo Garden Hotel in Beijing, the house showcases stunning images, performances and artifacts from Brazil - in particular from Rio de … [Read more...] about See the world – in Beijing

The Great Wall Museum embraced the 34th International Museum Day on Tuesday with a series of activities presided over by a group of invited guests including veterans and authorities from the Beijing Heritage Board. In her opening address, museum curator Huang Lijing released details of ongoing and future developments at the museum. She also highlighted the museum's focus on instilling a sense of national pride in contemporary Chinese youth. The museum has been lauded for its educational prowess, having welcomed half a million students (10% of the total visitor count) since its official opening in 1994.After the opening ceremony, guests were invited to view "Traversing Times - a Historical Dialogue", a spectacular display of stamps featuring the Great Wall. The museum also handed out informative brochures and hosted some cultural performances based on the theme of the Great Wall.In fact, the extensive program of events began on May 17th with a field visit to the Badaling Pass of … [Read more...] about Great Wall Museum celebrates Int’l Museum Day

China has announced it will build its largest yet museum of contemporary art at the Beijing Yihaodi International Artbase in the first half of 2009, according to the Ministry of Culture (MOC). The museum with its square will cover an area of about 66,000 square meters. The Center of International Cultural Exchange (CICE), which is affiliated with the MOC, initiated the project, the ministry said this week. "The contemporary art works, such as huge statues and action art, don't fit in with the existing art museums," said Lu Jun, head of the center. The museum will also be a stage for exhibitions of modern art works from China and abroad. The construction work will be completed by the end of 2010. "The museum will look like an unfinished piece of work, rather than a landmark or an architectural monument," the designer Zhu Pei said. "Artists can convert it to whatever form they like, such as installations and statues," he said, "And the trucks carrying art … [Read more...] about China to build largest contemporary art museum

On Oct. 20 -- Nearly 2,000 people attended the opening ceremony of a hall dedicated to Chinese culture Tuesday evening at the Frankfurt Book Fair, the world's largest book and copyright trading platform.This year's event, which closed Sunday, featured China as the guest of honor. Headlined "Tradition and Innovation," a total of 612 wide-ranging programs presented Chinese culture and literature to the world. Liu Binjie, minister of China's General Administration of Press and Publication (GAPP) and Juergen Boos, director of the Frankfurt Book Fair, signed an agreement in Beijing on May 31, 2007 to make the event happen. The Chinese-themed hall presented an overall view of Chinese literature in four sections: The coming into being of written characters; the invention of paper as a writing medium; the invention of print; and contemporary publications. Featuring images of the earliest prints and a drop of ink at the center of the hall, the exhibition also illustrated for visitors the … [Read more...] about Chinese culture presented at Frankfurt Book Fair

Chinese furniture firms to boost investment in VietnamLe Hoang HCMC – Many Chinese furniture producers, especially those from Tianjin City, have plans to step up investment and trade ties with Vietnamese companies, said Gao Xi Zhi, chairwoman of the Tianjin Furniture Association. On the sidelines of a seminar on promotion of trade and investment cooperation between Vietnam and China’s Beijing, Tianjin and Hebei held in HCMC on December 7, Gao Xi Zhi told the Daily that Chinese furniture firms in general and Tianjin firms in particular are keen on the Vietnamese market due to lower labor costs. Investing in Vietnam, Chinese furniture producers can enjoy tariff incentives when exporting their products to the countries which have signed free trade agreements with Vietnam. Tianjin has over 7,000 enterprises trading in the interior furnishing sector including 3,000 furniture producers. Most of Tianjin Furniture Association members that want to sound out investment opportunities … [Read more...] about Chinese furniture firms to boost investment in Vietnam